A financier who raced at 160km/h in a £150,000 ($315,425) Ferrari that he bought after pretending to have won the lottery was caught after his passenger uploaded the footage to YouTube.
Kevin Moore filmed 48-year-old Neil Casson going from zero to 164km/h in just seven seconds as they travelled in his red sports car along a B-road in Lytham, Lancashire UK.
But when the pair fell out over a business deal, Moore posted the video online in an act of revenge. It was later seen by police, who brought Casson to court.
Casson had told friends he purchased the car with some of his £1.24million winnings on the National Lottery.
But it later emerged he had only won £25 on his cricket club's weekly draw.
Separately, he has also pleaded guilty to a string of fraud charges, in which he conned several people by claiming he would invest their money in profit-making schemes.
The footage, which was shown in court, shows Casson, from Galgate, near Lancaster, putting the car gear box into race mode. He says to the camera: "Right we are stood still. I am putting it in race mode."
The car's engine then revs as Casson moves through the gears, bringing the speed up to 164km/h. As he accelerates, cars can be seen driving in the opposite direction.
He then says to Moore: "That's it: a ton in seven seconds. How quick is that? Quicker than 'owt you have ever been in." Moore is also heard saying: "I am videoing you ... Hell that quick."
Jailing him for ten weeks over the driving offence, District Judge Jeff Brailsford told him: "This was a big fast powerful car and the risk you created was enormous as you drove to impress the passenger. "It was only by the grace of God that nothing happened."
Peter Bardsley, prosecuting at Blackpool Magistrates' Court, said Casson had driven along the road at speeds of up to 190km/h as the road went from a 50km/h limit to a 100km/h limit, and also dangerously overtaken a van on a bend, neither of which were filmed.
He said driving the car at the speed would have meant other vehicles would not have the chance to get out of the way.
The footage was not revealed until some time after the incident, when Moore threatened to put it online unless he got his way with the business deal, Bardsley said.
John Halewood-Dodd, defending, said he did not believe Moore had doctored the footage and that Casson was simply trying to "impress" his business contact.
"The phrase 'boys with toys' springs to mind," he said. "This is always going to be the sort of vehicle which attracts police attention." Casson was also banned from the road for eighteen months and must take a re-test before he can drive again.
He will be sentenced at a later date at Preston Crown Court after pleading guilty to 23 counts of dishonestly make false representations for financial gain.
One of the offences included fraud by false representation to Ferrari Financial Services that he had won £1.24 million on the lottery, intending to obtain a financial agreement to buy a Ferrari 458.
When Casson was interviewed by police he told them: "I am used to driving high powered vehicles. I have had the Ferrari for a year.
"I gave it a bit of blast and may have exceeded the limit. It was a bit fast but it was not dangerous, just normal."
Telegraph Group Ltd